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20130113
20130121
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'm still pleading ignorance on in this whole debt ceiling issue. i'm telling you what would happen if congress did not raise the debt ceiling that would make it such a dangerous option for going forward. >> i think our credit rating go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> there wouldn't be any money? >> no -- >> [inaudible] >> the republicans are saying pick and choose. and so let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say, in my judgment, to the republicans don't do it. you're playing with fire. >> but why? i haven't -- i don't understand that, i guess. >> why what? >> why are they playing with fire? what would happen in? >> but those are two different questions. i think the republicans have some idea what would happen. we've been through this with the credit rating. and i think, essentially, they know what would happen, and so they say let's pick and choose. by the way, they haven't said which they would pick. and which would be left as
that are going to be before us, once we get past this debt ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united state
you, essentially, to take -- consider some sort of executive action on this debt ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm h
this with the debt ceiling issue, what exactly would happen if congress did got raised the debt ceiling in what makes it a dangerous option of? >> our credit rating would go down and how would we pay the bills? how would we pay social security? how would be paid veterans? >> there is no money? >> the republicans say pick and choose. so let's have a vote. who do we pack? -- pick? the president was right to say, in my judgment, to the republicans, don't do it. you are playing with fire. >> why? why are we playing with fire? what would happen? >> those are two different questions. the republicans have an idea. we have been through this with a credit rating. they know what would happen so they say pick and choose. the president made clear we're not talking about future expenses but paying for what congress has voted. pick and choose is something at this point* is theoretical but will become very real without spelling out. you will not pay soldiers or send out social security checks are paid defense contractors? that is what is involved. >> of democrats feel this is dangerous is a net the republican advan
've been through this, i go back to the debt ceiling issue, and can you tell me what would happen if congress did not raise the debt ceiling, and if that would make it such a dangerous option for going forward. >> i think our credit rating would go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> [inaudible] >> no. the republicans are saying pick and choose. let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say, in my judgment, to the republicans, don't do it, you're playing with fire. >> i don't understand that, i guess. >> why what? >> why are they playing with fire? what would happen? >> those are two different questions. i think the republicans have some idea of what would happen. we've been through this with the credit rating. i think the sense is they know what would happen until they say let's pick and choose. by the way, they have not said which they would pick and which would be left, and the president made clear we're not talking about future exp
the way. we've got a debt ceiling issue that the president's going to have to deal with. there are a lot of other issues the president's going to have to deal with, immigration reform. i think the president's going to have to spend time on this whether he wants to or not. >> connie mack, nice to see you. >> nice to see you. >> please tell your lovely wife we're sorry she lost all her luggage and was stuck at the airport. >> love you, honey. >> we'll get back to john berman with a look at some of the other stories ahead this morning. >>> we'll be talking about the golden globes. ben affleck didn't get nominated for an oscar, but his surprise win at the globes may be vindication. we'll have that, the other surprises, and the big snubs in a live report. >>> he's known for his role on "breaking bad," but actor steven michael casada has a new role to play, local school board member. you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others
it as such should have been. i think we should extend if not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to serious discussion of tax reform and entitlement issues. so i see it in a sense the opposite way. i say let it is done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are you saying let's do a triple by drivel, they are the ones who would be undermining the effort to sit down and had a serious discussion of tax reform. >> we have about two minutes left. francine. >> the question itemized reductions. what is your thought of having a cap and itemized deductions that people use for whatever they want. mortgage or a charity or whatever. >> i think the problem with a cat is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealthy. i think
committee as to who should testify. the debt ceiling issue should become a partisan issue. i appeal to the republicans to realize they should not place us in that kind of jeopardy. there will be hearing. we will work on witnesses today. i hope we will be resolving who the witnesses will be. i think there'll be concentration as to who they pick and our choice, one witness out of four. host: might it be secretary geithner? guest: no. host: tony. hi, tony. caller: good morning. guest: where is olive branch? i have been across the bridge there. caller: the talk about congress and everybody is looking at discretionary spending. we're finding the black rhino but we cannot take care of grandma. otherbuilding mosques foreign countries. people have to worry about being on the street and being homeless. we send money to countries to improve their water systems. thinking about the pipes in china. money out of this country. he talked about people spending money and avoiding taxes. host: we will get a response. guest: i do not know the last figure. we do have foreign assistance. it is a small pa
on this debt ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been up there, the 14th amendment just this morning one of the house democratic leaders jim clyburn asked you to use the 14th amendment and even said sometimes that's what it takes, he brought up the emancipation proclamation, saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. are you considering a plan "b"? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this. congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year. and i'm happy to accept it. but if they want to keep this responsibility then they need to go ahead a
word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotia
have this fight over the debt ceiling, but it is about bigger issues. the debt ceiling has nothing to do with immigration reform, nothing to do with the proposals on gun control, nothing to do with anything else the president might want to do in his second term, but guess what, it does affect the climate in washington. and the fact that he does not have a more trusting, even a private back channel relationship with the key republican leaders is one of the -- one of the reasons and they had responsibility too, i'm not putting it all on the president it a washington crisis if you will, a trust deficit. it is one of the reasons -- >> mitch mcconnell talking. >> so you have to have the vice president go to the senate republican leader, two guys -- they're not best of friends. trust me. i know them both. they're not best of friends. they do trust each other. mitch mcconnell knows if joe biden gives him his word, it is good. we need more of that in washington, not less. >> let me ask you, since i have you, something else the president mentioned, asked, of course, about gun violence in th
of back- and-forth over these three issues. i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised
the administration yesterday on this issue. what do you think? if the debt ceiling negotiable. from eugene, oregon, jed is independent. caller: my opinion is you cannot convince me there is not excess spending and that people cannot still get paid. the debt ceiling cannot continue going up. we wonder why the majority of the united states is in debt. it is because we are taught that by government. we cannot keep borrowing. an e-mail is going around that i've seen on facebook as well, saying its 545 vs 300 million. if both sides of the party don't like debt and they don't like the deficit, then why do we have them? it's a pretty simple question. host: we will keep the conversation going throughout this morning, talking with two members of the house of representatives about their take on the debt ceiling and gun- control and other big-ticket items better up from debate in the 113 congress. on our facebook page, this is what folks are saying. jed in eugene, oregon, independent. i just spoke with him. i'm sorry. david is in kentucky, democratic caller. caller: yes, you do a good job. the last caller ha
was in it. >> very difficult. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require bu
on the debt ceiling i think is so false how we racked up the bills and how we're now trying to say we don't want to pay them. who would possibly issue you more credit when you haven't put forward a plan how you're going to spend within your means within the future? american dress will not raise your limit when you can't pay it simply because you want more credit? you need to have a workout plan to deal with your debt before someone will loan you more money. >> i love this nonsense that he is spewing about being, we're not a deadbeat nation. thank you, mr. president. god we're so thrilled to have your blessing on that reality. that kind of nonsenseal talk, nonsenseal, not common senseal talk, is really the stuff that doesn't belong in a white house. it doesn't belong in the discussion. we are a debtor nation. we have been a debtor nation for quite some time. the issue is how to change it. i love the capricious way, if the problem were just about reducing deficits. mr. president, that is exactly what it is about. it is about cutting spending. it is about getting this government under contro
these issues. without going into all of the different ramifications i want to say a word about the debt ceiling which is not everybody understands what it's about. the debt ceiling which congress has to do periodically as gives the government money to pay its existing bills. it doesn't create new spending so it's like a family trying to improve its credit rating not the most effective way to improve the credit rating and was the slow solution to the debt ceiling in august of 2011 that of the u.s. downgraded last time brough so it's very important that congress take the necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. estimate the number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mentioned is certainly went part way that leaves a number of issues still on the table and additional negotiations are learning to read what you characterize that as a class that is facing us or do you think that it's not as concerning as it was when you raised that term initially? >> as i said t
and the fiscal cliff as well, they don't rank this as their top issue. clearly it's one we'll address in the congress and we're open to the discussion. >> can i ask you a question about how the gun control and debt ceiling debate go out? john boehner promised he will not bring a bill to the floor that does not have a majority of support of republicans. >> i'm not aware of that per se, i would refer you to his office. >> congressman, thank you. >> you're welcome. >>> still ahead, coca-cola says they are trying to fight obesity with a new ad they've released. is it thinking ahead about their own industry? a panel will talk about that straight ahead. you're watching "starting point," back in a moment. with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. i had[ d
by democrats, but the issue here is where house republicans want to fight the administration on spending, and they want to force the president's hand for more spending and they have opportunities to do it, and the debt ceiling is one they don't want to fight over, and it's a bad result politically and economically for the country, and the sequestration, and they can tie some of the efforts to force the president's hand to cut spending to the other fights. >> the gop proposal that just came out calls for the house and senate to have some type of budget by mid april but doesn't include spending cuts, so can we view it as a concession on the republican's side. >> they don't want to get the blame for a potential default and what that would mean for the economy, and they would rather fight on things like shutting the governor down or automatic spending cuts going into effect, and they think that forces the president to negotiate. >> on "meet the press" this morning, what do you have? >> we will talk about the big issues dominate, the guns and debt, and senator schumer, and we have a political
the emancipation proclamation, and he compared the debt ceiling to that. are you considering this? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a dead beat nation. so there is a very simple solution to all of this. congress authorizes us to pay our bills. now, if the house and senate want to give me authority so they do not have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i am happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i am happy to accept that, but they want to keep the responsibility, they need to go ahead and get it done. there are no magic tricks. there are no loopholes. there are no easy out. this is a matter of congress authorizes spending. they tell me you need to fund the defense department as such and such level. you need to send out social security checks. you need to make sure you are paying to care for the veterans. they lay all of this out for me. because they have the spending power. i am required by la
Search Results 0 to 18 of about 19